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The 40-year private equity veteran on Thoma Bravo’s meteoric scale-up and why the industry started to attract negative headlines.
The firm’s co-chief executives and board of directors have pledged 100% of their base salaries over the next six months to support portfolio companies.
A number of GPs are using flush balance sheets to seed their own distressed debt funds, according to firm head Michael Rees.
Two European LPs have already defaulted on capital calls, and more are rumoured, as LPs get hit with a one-two punch of large, often early capital calls and drying up distributions.
Heavily invested legacy vintages might suffer more than funds in market, with the jury still out on whether this crisis will be sharp and short like the GFC, or sharp and longer-lasting running through various cycles.
CVC Capital Partners VIII is targeting just under $19bn.
The consulting firm has created an interactive diagnostic tool to help private equity-backed companies facing coronavirus-related risks.
Market volatility has led to stalled deals, the withdrawal of sellers and the return of MAC clauses.
The firm is capital-raising across its Saturn, Genesis and Mercury vehicles.
Are private asset classes better positioned to weather the crisis? Our senior editorial teams covering PE, private debt, infrastructure, real estate and secondaries provide insight.